Anhui Xin’an Bank fined 400,000 for violation of the law
China Economic Net, Beijing, November 17th. The China Banking and Insurance Regulatory Commission website recently released the Anhui Regulatory Bureau Administrative Punishment Information Disclosure Form (Anhui Bank Insurance Regulatory Punishment Information  No. 15 and 16), Anhui Xin’an Bank has some non-compliance in the decision-making process of credit matters; some credit matters violated the credit review rules for credit decision-making violations of laws and regulations, and Anhui Banking and Insurance Regulatory Bureau fined 40 The administrative penalty is based on Item 5 of Article 46 of the”Banking Supervision and Administration Law of the People’s Republic of China”.
Xu Feidu was the risk director of Xin’an Bank at the time and was the person directly responsible for some illegal acts. The Anhui Banking and Insurance Regulatory Bureau warned him and imposed a fine of 50,000 yuan. The administrative penalty was based on Item 2 of Article 48 of the Banking Regulatory Law of the People’s Republic of China.
Source:China Economic Net